Tanzania’s Zanzibar and the Oman Investment Authority on Thursday signed a memorandum of understanding aimed at implementing a ports master plan development along the Islands’ Indian Ocean coastline.
A statement issued by the Zanzibar State House said the signing of the agreement was witnessed by Tanzania’s Zanzibar President Hussein Mwinyi and a high ranking delegation from the government of Oman.
The agreement was signed by Tanzania’s Zanzibar Permanent Secretary in the Ministry of Works, Transport and Communications, Amour Hamil Bakari and the Managing Director of the Oman Investment Authority, Mohammed Al-Tooqi, said the statement.
According to the statement, the agreement entailed the development of major ports at Mangapwani and Bumbwini coastal areas in the Zanzibar archipelago.
The agreement will see the development of a container port, a port for fishing vessels and a port for oil and gas, said the statement without giving financial details of the mega project.
Speaking shortly after the agreement was signed, President Mwinyi said the development of the ports signaled the start of a journey toward economic growth of the Islands.
Mwinyi said his government decided to construct the ports because they were Zanzibar’s economic backbone. Enditem